Edgar Filing: Brookfield Properties Subco LLC

Ownership Submission

FORM 4

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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3235-0287

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Brookfield Properties Subco LLC

2. Issuer Name and Ticker or Trading Symbol
Brookfield Property REIT Inc. [GGP]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	__X__ 10% Owner
_____ Officer (give title below)	__X__ Other (specify below)
Director by deputization ***

(Last)

(First)

(Middle)

250 VESEY STREET,

3. Date of Earliest Transaction (Month/Day/Year)
08/27/2018

(Street)

NEW YORK, NY 10281-1023

4. If Amendment, Date Original Filed(Month/Day/Year)

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Stock, par value $0.01 per share	08/27/2018		A		124,985,577	A	⁽¹⁰⁾	124,985,577	I	See Footnote ⁽¹⁾ ⁽¹⁰⁾
Class B Stock, par value $0.01 per share	08/27/2018		A		351,958	A	⁽¹⁰⁾	351,958	I	See Footnote ⁽²⁾ ⁽¹⁰⁾
Class B Stock, par value $0.01 per share	08/27/2018		A		12,989,228	A	⁽¹⁰⁾	12,989,228	I	See Footnote ⁽³⁾ ⁽¹⁰⁾
Class B Stock, par value $0.01 per share	08/27/2018		A		24,063,298	A	⁽¹⁰⁾	24,063,298	I	See Footnote ⁽⁴⁾ ⁽¹⁰⁾
Class B Stock, par value $0.01 per share	08/27/2018		A		53,000,412	A	⁽¹⁰⁾	53,000,412	I	See Footnote ⁽⁵⁾ ⁽¹⁰⁾
Class B Stock, par value $0.01 per share	08/27/2018		A		6,985,772	A	⁽¹⁰⁾	6,985,772	I	See Footnote ⁽⁶⁾ ⁽¹⁰⁾
Class B Stock, par value $0.01 per share	08/27/2018		A		70,114,877	A	⁽¹⁰⁾	70,114,877	I	See Footnote ⁽⁷⁾ ⁽¹⁰⁾
Class B Stock, par value $0.01 per share	08/27/2018		A		28,573,419	A	⁽¹⁰⁾	28,573,419	I	See Footnote ⁽⁸⁾ ⁽¹⁰⁾
Class B Stock, par value $0.01 per share	08/27/2018		A		2,577,297	A	⁽¹⁰⁾	2,577,297	I	See Footnote ⁽⁹⁾ ⁽¹⁰⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.		SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Series B Preferred Stock

⁽¹⁰⁾

08/27/2018

124,985,577

⁽¹⁰⁾

Common Stock

124,985,577

⁽¹⁰⁾

See Footnote ⁽¹⁾ ⁽¹⁰⁾

Series B Preferred Stock

⁽¹⁰⁾

08/27/2018

351,958

⁽¹⁰⁾

Common Stock

351,958

⁽¹⁰⁾

See Footnote ⁽²⁾ ⁽¹⁰⁾

Series B Preferred Stock

⁽¹⁰⁾

08/27/2018

12,989,228

⁽¹⁰⁾

Common Stock

12,989,228

⁽¹⁰⁾

See Footnote ⁽³⁾ ⁽¹⁰⁾

Series B Preferred Stock

⁽¹⁰⁾

08/27/2018

24,063,298

⁽¹⁰⁾

Common Stock

24,063,298

⁽¹⁰⁾

See Footnote ⁽⁴⁾ ⁽¹⁰⁾

Series B Preferred Stock

⁽¹⁰⁾

08/27/2018

53,000,412

⁽¹⁰⁾

Common Stock

53,000,412

⁽¹⁰⁾

See Footnote ⁽⁵⁾ ⁽¹⁰⁾

Series B Preferred Stock

⁽¹⁰⁾

08/27/2018

6,985,772

⁽¹⁰⁾

Common Stock

6,985,772

⁽¹⁰⁾

See Footnote ⁽⁶⁾ ⁽¹⁰⁾

Series B Preferred Stock

⁽¹⁰⁾

08/27/2018

70,114,877

⁽¹⁰⁾

Common Stock

70,114,877

⁽¹⁰⁾

See Footnote ⁽⁷⁾ ⁽¹⁰⁾

Series B Preferred Stock

⁽¹⁰⁾

08/27/2018

28,573,419

⁽¹⁰⁾

Common Stock

28,573,419

⁽¹⁰⁾

See Footnote ⁽⁸⁾ ⁽¹⁰⁾

Series B Preferred Stock

⁽¹⁰⁾

08/27/2018

2,577,297

⁽¹⁰⁾

Common Stock

2,577,297

⁽¹⁰⁾

See Footnote ⁽⁹⁾ ⁽¹⁰⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Brookfield Properties Subco LLC 250 VESEY STREET NEW YORK, NY 10281-1023	X	X		Director by deputization ***
BP US REIT LLC 250 VESEY STREET NEW YORK, NY 10281-1023	X	X		Director by deputization
Brookfield Holding Ltd Liability Co BUDAPEST 1074, DOHANY UTCA 12 BUDAPEST, K5	X	X		Director by deputization
1706065 Alberta ULC SUITE 1700 335 8TH AVENUE SW CALGARY, A0 T2P 1C9	X	X		Director by deputization
Brookfield BPY Holdings (US) Inc. 181 BAY STREET, SUITE 300 TORONTO, A6 M5J 2T3	X	X		Director by deputization
BPY Canada Subholdings 1 ULC 181 BAY STREET BROOKFIELD PLACE SUITE 300 TORONTO, Z4 M5J2T3	X	X		Director by deputization
Brookfield Property Split Corp. 181 BAY STREET, SUITE 330 TORONTO, A6 M5J 2T3	X	X		Director by deputization
Brookfield Office Properties Inc 181 BAY STREET, SUITE 330 TORONTO, A6 M5J 2T3	X	X		Director by deputization

Signatures

BROOKFIELD PROPERTIES SUBCO LLC., /s/ Michelle L. Campbell, Senior Vice President and Secretary		08/29/2018
^**Signature of Reporting Person		Date
BPY CANADA SUBHOLDINGS 1 ULC., /s/ Keith Hyde, President		08/29/2018
^**Signature of Reporting Person		Date
BROOKFIELD PROPERTY SPLIT CORP., /s/ Michelle L. Campbell, Secretary		08/29/2018
^**Signature of Reporting Person		Date
BROOKFIELD OFFICE PROPERTIES INC., /s/ Keith Hyde, Vice President, Taxation		08/29/2018
^**Signature of Reporting Person		Date
1706065 ALBERTA ULC., /s/ Keith Hyde, Vice President, Taxation		08/29/2018
^**Signature of Reporting Person		Date
BROOKFIELD HOLDING LIMITED LIABILITY COMPANY., /s/ Dr. Laszlo Csontos, Managing Director		08/29/2018
^**Signature of Reporting Person		Date
BROOKFIELD HOLDING LIMITED LIABILITY COMPANY., /s/ Eamonn John O'Dea, Managing Director		08/29/2018
^**Signature of Reporting Person		Date
BP US REIT LLC., /s/ Michelle L. Campbell, Senior Vice President and Secretary		08/29/2018
^**Signature of Reporting Person		Date
BROOKFIELD BPY HOLDINGS INC., /s/ Allen Yi, Assistant Secretary		08/29/2018
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	See Exhibit 99.1; Note 1.
(2)	See Exhibit 99.1; Note 2.
(3)	See Exhibit 99.1; Note 3.
(4)	See Exhibit 99.1; Note 4.
(5)	See Exhibit 99.1; Note 5.
(6)	See Exhibit 99.1; Note 6.
(7)	See Exhibit 99.1; Note 7.
(8)	See Exhibit 99.1; Note 8.
(9)	See Exhibit 99.1; Note 9.
(10)	See Exhibit 99.1; Note 10.
Remarks: *** Brian Kingston, a Senior Managing Partner of Brookfield Asset Management Inc., a corporation formed under the laws of the Province of Ontario ("BAM"), serves on the board of directors of the Issuer as a representative of BAM and certain of its affiliates, including the Reporting Persons. The Reporting Persons are "directors by deputization" solely for purposes of Section 16 of the Securities Exchange Act of 1934.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.